Bill Gates Sells Photography Archives to Chinese Company
Mia Ren | | Jan 31, 2016 08:18 AM EST |
(Photo : Photo by Stephen Chernin/Getty Images) Bill Gates' Corbis has signed a deal with Visual China Group (VCG) that gives the latter control over its photo archive.
Bill Gates' extensive archives of the world's most famous photos have been sold to Visual China Group (VCG).
Corbis, the photography archive owned by Bill Gated, inked a deal with VCG that transferred the control of culturally important photos such as Rosa Parks on a bus, Jimi Hendrix playing at the Woodstock Festival, scandalous Marilyn Monroe on a subway grate with her skirt blowing in the wind, and Albert Einstein sticking out his tongue.
Like Us on Facebook
"The transaction strengthens our dominant position in China's image industry, enhances our core competence in the global high-end image market, and marks a significant milestone on our journey of globalization," said Amy Liang, VCG's chief executive officer.
Some experts and critics have expressed concern over this deal considering the fact that the Corbis archive include the famous 'Tank Man' photo, which shows a Chinese man facing tanks in Beijing during the Tiananmen Square protests.
Although widely seen in other parts of the world, any use of the photo of the Tank Man is strictly prohibited in China. Those involved in the sale said that they do not expect this deal to change anything as the photo will still be censored in China even though the license has changed hands.
VCS purchased Corbis via its affiliate Unity Glory International. Getty Images, Corbis' rival, will distribute the photos in all countries except China.
Craig Peters, Getty's senior vice president for business development, assured that they will protect the availability of politically sensitive images.
TagsBill Gates, Tiananmen Square Protests, Corbis, Visual China Group
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?